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To: wheelgun

Yes... this is great reading. But, this is the BEGINNING of this legislative proposal... where is the ENDING?

Why and when did it die?


19 posted on 09/24/2008 7:49:21 AM PDT by SomeCallMeTim ( When you find yourself going through Hell, keep going!)
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To: SomeCallMeTim
It died in January of 2007 when the Democrats took control of Congress. I kid you not. When Richard Shelby was chair of the Senate Banking Committee, he was pushing a bill, backed by the Bush administration, calling for strong oversight of Fannie and Freddie. The House passed a much weaker version that the White House did not support. There was never agreement and when the Democrats took over the move for strong oversight effectively ceases.

I've saved 4 years of Lexis-Nexis searches from the NY Times to document this. IT IS HUGE!

28 posted on 09/24/2008 8:15:15 AM PDT by rhetorica
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